16800 Lookout Rd, Selma, TX 78154

Prime Multi-Family Development Opportunity | 16800 Lookout Rd

Unlock the Potential of Selma’s Rapidly Expanding Medical & Residential Hub

Positioned directly across from a brand-new hospital development, 16800 Lookout Rd offers a rare "shovel-ready" advantage for developers looking to capitalize on high visibility and surging local demand. This 3.13-acre entitled site is primed for a multi-family project or a strategic re-imagining to maximize its high-traffic location.

The Opportunity

• Entitled & Utility-Ready: Save months of red tape—this property is already entitled for development with city utilities on-site.
• Partial Build-Out: The original design plan included 34 townhomes and a clubhouse. Currently, 8 units (totaling approx. 17,100 sq. ft.) have been constructed and await your finishing touches or a complete modern update.
• Strategic Location: Boasting high visibility on Lookout Road with immediate access to I-35 and Loop 1604, ensuring a steady stream of prospective tenants or buyers.
• Flexible Development: Continue with the existing townhome vision or pivot the site’s use to better serve the incoming medical community and supporting retail needs.

Key Property Details

• Price: $3,900,000
• Lot Size: 3.13 Acres
• Existing Structure: 17,100 Sq. Ft. (approx. 8 partially complete units)
• Year Built: 2010 (Original construction)
• Location: Directly across from new hospital construction; Bexar County.

Exclusive Seller Finance Option

In a shifting financial landscape, the seller is offering attractive owner financing terms to qualified buyers.

Why choose Seller Financing here?

• Speed to Close: Avoid the lengthy traditional bank appraisal and underwriting process.
• Lower Upfront Capital: Negotiable down payment options to keep your liquidity focused on construction and renovations.
• Flexible Terms: Tailored interest rates and "balloon" schedules designed to align with your project’s completion and refinancing timeline.

Investment Highlights

• High Visibility: Located on a high-traffic road perfect for professional or residential signage.
• Growth Corridor: Surrounded by new luxury multi-family developments and retail growth.
• Value-Add: Substantial "meat on the bone" for an investor willing to update existing structures and finish the remaining build-out.

Don't miss the chance to anchor your portfolio in one of Selma's most promising locations. Contact us today for a private tour and a breakdown of the seller financing terms.